Intelsat aims to emerge from Chapter 11 bankruptcy protection as a private company by the end of this year, having secured the support of around three-quarters of its creditors for a new reorganisation plan.
Beleaguered communications satellite company OneWeb has emerged from Chapter 11 bankruptcy with fresh cash and a new CEO.
OneWeb will soon be back in business, after a US Bankruptcy Court gave the go-ahead for its billion-dollar rescue by the UK government and Bharti Global.
Satellite challenger OneWeb has filed for Chapter 11 Bankruptcy, blaming the spread of the coronavirus as the reason talks for additional funding fell through.
Reliance Communications has arguably gotten the sharpest end of the Jio stick over the last couple of years, but it seems the misery is finally over as the firm files for bankruptcy.
Struggling unified comms vendor Avaya has announced a cunning new business strategy consisting of filing for bankruptcy, then rising once more like a phoenix from the flames.
Latin America’s biggest telecoms company – Brazil’s Oi – has filed for what is the country’s largest ever bankruptcy.
US wholesale player LightSquared has filed for Chapter 11 bankruptcy protection amid efforts to resolve regulatory issues that have prevented it from launching its satellite service.
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